Event shines spotlight on shake-up in Scots lettings

0 From left: Stuart Petrie and Derek Mitchell of Anderson Anderson Brown with Adrian Sangster Almost two-thirds of homeowners have put off investing in a second home due to the 3 per cent additional levy introduced by the Scottish Government in 2016, new research reveals.

The additional tax, together with the staged withdrawal of relief on mortgage payments by the UK government, is having a detrimental impact on the Scottish property market, according to research published by law firm Aberdein Considine.

However, Adrian Sangster, national lettings director, said the changes also presented big opportunities for investors who can “ride the storm”, adding: “Landlords who can adapt to this new climate for the private rental sector stand to reap huge benefits.”

A conference hosted by tax experts from Anderson Anderson Brown and letting industry specialists from Aberdein Considine is being held in Edinburgh on 28 June to help landlords deal with the biggest shake-up of Scotland’s letting industry in 30 years.